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Stock of the day : NTPC Ltd For Target Rs. 405 - Religare Broking
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NTPC Ltd.
* NTPC has been witnessing price and time wise correction after hitting 52 week high.
* It consolidated for nearly a month while holding up gains above its short term moving average suggesting accumulation in the stock.
* It has registered a breakout from this broader consolidation range with noticeable volumes indicating price to attract fresh upward momentum.
* Traders can consider fresh longs in the mentioned range
Buy NTPC Ltd CMP 385.65 Range 384-386 SL 375 Target 405
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SEBI Registration number is INZ000174330
